Haruyuki Takahashi, a former executive at advertising company Dentsu, is suspected of receiving bribes from the former head of Aoki Holdings Inc. and two company employees.
Takahashi is credited with landing $3 billion in local sponsorships for the Tokyo Games. Japan also is pursuing the 2030 Winter Olympics for Sapporo.
Japanese media reports said Takahashi denied wrongdoing, stressing he was paid for consulting services.
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